Tagged: Hyundai

Seaspan signs ‘commitment’ to order five 14,000 teu ships at CSBC

The Vancouver and Hong Kong based non operating owner Seaspan, which this week firmed up long-term charter deals for five Hyundai-built 14,000 teu ships with Yang Ming, said it planned to order another five vessels of similar design at CSBC Taiwan – also for Yang Ming.

Seaspan on Tuesday confirmed that it had entered into ‘commitments’ with CSBC Corporation Taiwan to have constructed and to acquire the five containerships for an aggregate purchase price of approximately USD 550 million.

Concurrently with this newbuilding commitment, Seaspan signed a binding letter of intent with Yang Ming to enter into long-term, fixed-rate time charter contracts for these ships. The company disclosed that it expected to complete definitive time charter contracts with Yang Ming and definitive shipbuilding contracts with CSBC shortly.

The vessels are to be built at CSBC’s Kaohsiung shipyard and they are scheduled for delivery in 2016.

Over the course of 2015 and 2016, Yang Ming is thus to receive no fewer than 15 container ships of 14,000 teu from Seaspan.

Yang Ming’s orderbook furthermore includes two 6,250 teu ships from Japan. Built at Imabari’s Koyo Shipyard and chartered from the Imabari Group’s Shoei Kisen, these ships are sisters of the recently delivered YM MOVEMENT.

APL doubles capacity of Kaohsiung – Philippines shuttle

APL is to double this week the capacity of its standalone ‘MNX’ Kaohsiung to Philippines shuttle. The 2,468 teu APL DALIAN will phase out of the single-ship service to be replaced by the 4,700 teu APL LOS ANGELES, which again after one month on the ‘MNX’ will be replaced by the 4,308 teu APL RIYADH.

The weekly service, on which MOL and Hyundai take slots, will continue to call at Kaohsiung, Subic Bay, Manila and Kaohsiung.

Hyundai Mipo wins Dole order for three reefer container ships

South Korea’s Hyundai Mipo Dockyard, the Hyundai shipyard group’s specialist for small and mid-sized tonnage, has won a contract to build three 770 feu (1,540 teu) reefer container vessels. The ships have been ordered by the California-based Dole Food Company.

In May, Dole’s board of directors had approved in-principle the acquisition of three new refrigerated container ships for the company’s San Diego-based U.S. West Coast operations. Subsequently, Dole had started negotiations with a number of shipyards.

The new vessels are to replace a series of 491 feu (982 teu) reefer ships built between 1988 and 1991 in Italy. They will be 190.00m long and 30.40m wide and they are to be fitted with traveling gantry cranes. Construction at the Ulsan-based yard is scheduled to begin in 2014, with the first ship due for delivery in November 2015.

APL splits Thailand – Subcontinent service‏

swx

APL’s new ‘SWX’ turns in three weeks

With immediate effect, APL is to drop the Laem Chabang – Singapore leg of its Thailand – Straits – Subcontinent service ‘LWX’ and replace the connection by slot-buying. The truncated service continues under a new name as a Singapore to India and Pakistan loop.

The former Singapore to Laem Chabang leg of the ‘LWX’ is to be served through slots on a newly established shuttle service by X-Press Feeders. The new loop offers one weekly round trip and it employs the 1,645 teu HANSA CALYPSO, which the feeder specialist recently chartered from the spot market. APL brands its slot participation on the loop as its ‘TSX’ service.

The Singapore – Subcontinent leg of the ‘LWX’ has been re-branded as ‘SWX’ and its continues to be served by APL tonnage. The shortened service’s turnaround time is three weeks, which is essentially unchanged from the former sailing pattern – minus the one-week Thailand leg. The ‘new’ loop deploys three of the vessels formerly trading on the ‘LWX': The 3,398 teu sisters APL CHICAGO, APL SEATTLE, APL GUANGZHOU. The port rotation is: Singapore, Karachi, Pipavav, Colombo, Singapore.

Hyundai and MOL were slot buyers on ‘LWX’ but appear not to participate in APL’s revised Singapore to Subcontinent offer. The two carriers are however expected to join X-Press as slotters on the new Singapore to Laem Chabang shuttle in lieu of their former participation on the ‘LWX’

Hamburg Süd adds three more large high-reefer ships to its pipeline

The German container line Hamburg Süd has ordered a three large container ships at Hyundai Heavy Industries of South Korea. The newbuildings are slated for delivery in the second half of 2014. While neither the yard nor the carrier disclosed the vessels’ specifications, the ships are believed to be further units of the recently-launched 9,669 teu CAP SAN NICOLAS type.

Based on this assumption, the three new vessels would add to a series of six such ships owned and operated by Hamburg Süd plus four ships that the Greek non-operating owners Enesel ordered for long-term charters to Hamburg Süd. They would thus take the total number of ships of this type to 13.

With a capacity for up to 2,100 reefer containers (the equivalent of 4,200 teu), Hamburg Süd’s and Enesel’s 333.20m long ships are presently the world’s largest reefer vessels. The lead ship of the series, the CAP SAN NICOLAS, has been delivered earlier this month and it has joined the Far East to ECSA Service ‘ASIA’ which Hamburg Süd offers in cooperation with Maersk (‘ASAS’).

The first six German-owned ships are scheduled for delivery before the end of this year. The four Greek-owned ships are then to follow in the first half of 2014. Finally, the now-ordered three units of Hamburg Süd would follow later that year.

Some brokerage sources claim the vessels were ordered at USD 81million per unit. While this would be in line with numerous recent orders of ‘standard’ compact wide-beam ships of 9,000 teu, linvervision estimates the Hamburg Süd orders to be a more in the price range of about USD 90 million because of their high reefer capacity.

If on the other hand the reported price of USD 81 million is indeed correct, it would be a pointer towards three high-reefer ships of about 7,500 teu to add to Hamburg Sud’s ten-strong DSME-built SANTA CLARA series.

In short: some details of the order remain sketchy and we will have to wait for further information to become available.

CKYH finalise ‘Pacific Northwest’ reduction of capacity‏

By mid-July, Cosco, K-Line, Yang Ming and Hanjin will have finalised the reduction of capacity of their Far East – WCNA ‘PCN’/’CPN’ service, which is set to fall to 5,500 teu per week from 7,820 teu/week, the high that prevailed throughout the fourth quarter of 2012 and January this year.

Coscon is removing its 7,490 teu capacity vessels of the Cosco Long Beach type and replaces them by three 5,446 teu capacity units (Coscon) and three Yang Ming 5,551 teu vessels. Unless a yet to be determined CKYH-internal vessel exchange is carried out, the means that Yang Ming will gain operator status on the service.

This capacity reduction of 2,300 teu per week is worth noting, in a lane that sees overall capacity soar from 197,000 teu per week in March to 214,000 teu per week at the beginning of July.

This massive overall capacity increase is due to the opening of CSCL’s, UASC’s joint ‘AAS2’/’AWS1′ and the revival of Evergreen’s ‘CPS2′. Together, these two services add in excess of 9,000 teu to the trade lane.

A number of other services are also being boosted with Hyundai adding 3,400 teu per week to the New World Alliance’s ‘PCX’, and CMA CGM and MSC also adding 1,900 teu per week to their ‘Pearl River’ which remains the ‘heavy weight’ of the trade lane.

The CKYH alliance itself has also contributed to the overall increase and boosted the Coscon-operated ‘CEN’ with 8,500 teu ships.

First Jiangsu 4800 wide-beam delivered: HAMMONIA ISTRIA (4,770 teu) joins ESL

China’s Jiangsu New Yangzijiang Shipyard, a prolific builder of container vessels, has delivered the first of a new type of 4,770 teu baby-overpanamax ships. The ship has been named HAMMONIA ISTRIA and she will soon join Emirates Shipping Line under the charter name EMIRATES PEARL.

The Dubai-based carrier will deploy the ship to its ‘CIS’ China – India service, offered in partnership with OOCL and APL (who market the loop as ‘CIX’). ESL provides one of the six ships on the service and the EMIRATES PEARL will replace the 4,250 teu JPO VELA, which is to be returned to her owners.

The HAMMONIA ISTRIA is the first of two units ordered by Hammonia Shipping of Hamburg and she will be followed by the HAMMONIA TOSCANA. So far, a total of ten sister ships have been ordered, all by German non-operating owners. Six of the ships, including the Hammonia twins will be managed by Peter Doehle, whereas four ships will be controlled by Hansa Shipping. Even though the gearless vessels are all believed to be identical, their official intake varies between 4,770 teu and 4,957 teu, depending on their respective owners. Most likely, there is no factual reasons for these differences other than more or less optimistic assumptions regarding realistic container deck loads.

With a length over all of 255.10m and a beam of 37.30m (15 rows), and a MAN B&W 6 S80ME-C9 main engine, the new Jiangsu 4,800 teu type bears some resemblance with the Hyundai-built Maersk Wafmax (Maersk-C-type) series. In addition to similar dimensions and an identical main engine, the ship types also both offer 600 reefer plugs. The main difference is of course that the Maersk ships are fully geared, whereas the Jiangsu type is gearless.

Given their size, efficiency and versatility, baby-over panamaxes like these seem the natural successors for many ageing panamaxes and maxi-panamaxes that need to be replaced in coming years.